Market Analysis – June 20 The AUDJPY currency pair has exhibited bullish strength, breaking out of a rising wedge pattern and surging toward the significant level of 98.30 within a relatively short period of time. The price is experiencing rapid upward movement, characterized by a steep slope on the daily chart, as it aims to […]
NAS 100 Analysis – Price Could Hold Lower Amidst Bullish Strength Nasdaq faces market resistance at the 151910 key zone. The price has been on a strong bullish trajectory in the market, with buyers finding consistent buying opportunities. This has now led to the US100 facing market resistance at the 15191.0 key zone. This resistance […]
GBPUSD Analysis – Buyers May Pause on Liquidity Flow GBPUSD could slip out of the bullish volatility race following its breakout from the 1.26300 key zone. The pair has been on a bullish run in the last few days, with buyers driving up the price beyond the 1.26300 key zone. With the bullish pressure still […]
Market Analysis – June 19 NZDUSD is presently undergoing a corrective phase after experiencing a significant shift towards the prominent value of 0.6000. This displacement has attracted attention, and now the price is drawing closer to the fair value gap, seeking to test the effectiveness of the mitigation block in the 24-hour timeframe. Traders and […]
The US dollar index, known as the DXY index, has encountered significant challenges as it falls below a crucial support level, signaling a disconnect between the market and the US Federal Reserve’s hawkish stance on monetary policy. During its recent meeting, the Federal Reserve opted to maintain interest rates at their current levels. However, they […]
Key Resistance Levels: 132.00, 133.00, 134.00Key Support Levels: 129.00, 128.00, 126.00 EUR/JPY Price Long-term Trend: Bullish The EUR/JPY currency pair has begun to move upward as it targets level 158.42. The Yen is rising, reaching a high of 155.18.The currency pair’s price indicator is rising even more. A retraced candle body on the uptrend of […]
Market Analysis – June 16 US Oil market participants seem to be awaiting the price’s reaction at the bearish order block. The bearish order block happened to be created on May 2, 2023, at the 62.0% Fibonacci retracement level at the premium zone. US Oil Significant Levels Demand Levels: 63.60, 57.30, 48.50Support Levels: 83.50, 93.70, […]
The Bank of Japan (BOJ) announced today its decision to maintain ultra-loose policy settings, including the closely watched yield curve control (YCC) policy. The move comes as the central bank aims to support the nascent economic recovery and work towards achieving its inflation goal in a sustainable manner. Consequently, the Japanese yen experienced a slight […]
Market Analysis – June 8 The bullish momentum of USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade has weakened, with buyers showing reluctance in surpassing the resistance level of 142.00. Currently, the price is confined within the range of the support level at 138.9 […]
